Shearwater Deploys 10 Vessels for 2019 Summer Season

Shearwater has brought into operation a total of 10 vessels for the 2019 northern hemisphere summer season.  

High customer activity and successful integration of the marine seismic acquisition assets and operations of Schlumberger over the past six months provides Shearwater a 33-month vessel backlog as of late May with projects for customers such as Equinor, Shell, Aker BP and TGS.

At the same time last year, the company had three vessels in operations and a backlog of 14 months.

“It has been a very busy six-months. We have already activated six vessels from cold-stack and have one more underway in response to growing demand for our high-end assets, operational capabilities and leading solutions,” said Irene Waage Basili, the CEO of Shearwater GeoServices. “This transformation of Shearwater has been possible due to an outstanding effort made by the whole Shearwater organisation and strong support from our customers.”

Contracts awarded to date in 2019, include 3D and 4D projects for Shell and Equinor ranging from offshore Australia to the Barents Sea, Ocean Bottom Seismic (OBS) projects for Aker BP and Equinor in the North Sea, as well as an exploration survey in Brazil by TGS.

“These awards are a direct recognition that our customers have confidence in our strong operational and technological offering and that they like our solid financial and strategic platform,” added Irene Waage Basili. “It is a strategic priority for Shearwater to have critical mass and scalability to ensure efficient and competitive operations. It also allows us to attract and retain the best people in the industry, to continue to invest in technology development and to be a long-term partner to all our customers.”